KIOCL Plans For New Pellet Plants On BOO/JV Basis
KIOCL Limited, a Mini-Ratna Category-I, profit-making Central PSU, is located in the State of Karnataka. KIOCL has a Port-based Pellet Plant with a capacity of 3.5 MTPA located at Mangaluru. Currently, KIOCL is engaged in the business of manufacturing high-quality Iron Oxide Pellets.
KIOCL having a vast experience of operating the Pellet Plant of 3.5 mtpa capacity in Karnataka with state –of- the- art technology as also making of iron oxide pellets in the International & Domestic Market.
The Company has already diversified in the field of O & M services & also proposes to expand its operation in other parts of the country by setting up of new pellet plant on BOO/JV basis which are requirement of the day.
CMD, Shri Subba Rao expressed that keeping the above back ground and experience in view and diversify/expand KIOCL’s operation by making use of the emerging opportunities, KIOCL has already signed a MoU with RINL to set up 2 MTPA Pellet plant at Vizag. On similar lines, KIOCL is also planning to sign a MoU to set a Pellet Plant under JV with SAIL.